4 ms·
Yeah, exactly. Maybe we could all just stop spending less money, then we'd have more time. There's a well known correlation between people who make more money,
by blazespin 8y ago
Yeah, exactly. Maybe we could all just stop spending less money, then we'd have more time. There's a well known correlation between people who make more money, tend to feel the need to spend it[1].
1. https://www.quora.com/Do-most-people-spend-more-when-they-make-more-money https://www.quora.com/Do-most-people-spend-more-when-they-ma...
- ahartmetz 8y ago"The wealthy tend to spend less of their increase in income than do poorer people" I rather think that the causality is the other way... if you don't spend money just because you have it, you're going to be wealthier.
- moorhosj 8y agoHaving more money gives the option to spend it or save it. When you make $40,000, you don’t really have the option to save much compared to people making $100,000.
- rurp 8y agoI think it's mostly as simple as money having marginal utility. The first $30k a person make per year goes to absolute essential (ie. food, housing). The next $30k goes to really nice the have things like better transportation, medicine, etc. As a person makes more money, each additional dollar has less of an impact on their life.
- ahartmetz 8y agoThat is also true. But I don't like the original article treating "being wealthy" as the, uhm, chicken?, in this chicken-egg problem.